Another Apartment on the Way for Belltown

SEATTLE, WA-Last month Fortune Investments paid slightly over $2.26 million for the land on which it plans to construct an 80-unit apartment complex. The sales price reflects a four-fold jump from the seller's purchase price of $556,000 just two years ago.

By Janet Parker | March 05, 2001 at 01:01 AM

Fortune purchased the lot from Second Denny Associates LLC, which itself had just acquired it in April 1999 for $556,000. Second Denny is reported to be a partnership of Mack DuBose and Doug Buck, both Seattle investors.

No one at Fortune was immediately available to confirm reports about its plans for this property. The Belltown area is quickly transforming into a residential community with numerous multi-family projects completed, underway and in planning.

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